Research
The current state of crypto
Token Terminal
•
In this article, we provide a comprehensive overview of usage statistics for the most widely used protocols
These are the current top 25 dapps and blockchains based on the number of distinct daily active users.

Daily active users dashboard: https://tokenterminal.com/terminal/metrics/active-users
1. BNB Chain

BNB Chain dashboard: https://tokenterminal.com/terminal/projects/binance-smart-chain
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 1.17M
- Jan 2023: 0.78M
- YoY change: -33%
2. Ethereum

Ethereum dashboard: https://tokenterminal.com/terminal/projects/ethereum
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 365.8K
- Jan 2023: 356.9K
- YoY change: -2%
3. Polygon

Polygon dashboard: https://tokenterminal.com/terminal/projects/polygon
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 326.0K
- Jan 2023: 453.2K
- YoY change: +39%
4. Solana

Solana dashboard: https://tokenterminal.com/terminal/projects/solana
Monthly average of daily active users (number of unique first signer addresses):
- Jan 2022: 261.7K
- Jan 2023: 166.8K
- YoY change: -36%
5. PancakeSwap


PancakeSwap dashboard: https://tokenterminal.com/terminal/projects/pancakeswap
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 346.7K
- Jan 2023: 118.2K
- YoY change: -66%
6. Optimism

Optimism dashboard: https://tokenterminal.com/terminal/projects/optimism
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 2.0K
- Jan 2023: 55.9K
- YoY change: +2,695%
7. Uniswap


Uniswap dashboard: https://tokenterminal.com/terminal/projects/uniswap
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 26.6K
- Jan 2023: 49.1K
- YoY change: +84%
8. OpenSea


OpenSea dashboard: https://tokenterminal.com/terminal/projects/opensea
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 66.0K
- Jan 2023: 60.2K
- YoY change: -9%
9. Arbitrum

Arbitrum dashboard: https://tokenterminal.com/terminal/projects/arbitrum
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 6.8K
- Jan 2023: 49.6K
- YoY change: +629%
10. Fantom

Fantom dashboard: https://tokenterminal.com/terminal/projects/fantom
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 75.4K
- Jan 2023: 64.0K
- YoY change: -15%
11. Avalanche C-Chain

Avalanche C-Chain dashboard: https://tokenterminal.com/terminal/projects/avalanche
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 87.4K
- Jan 2023: 25.1K
- YoY change: -71%
12. PoolTogether


PoolTogether dashboard: https://tokenterminal.com/terminal/projects/pooltogether
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 662
- Jan 2023: 10.1K
- YoY change: +1,426%
13. Stargate


Stargate dashboard: https://tokenterminal.com/terminal/projects/stargate
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jul 2022: 261
- Jan 2023: 8.4K
- Change over 6 months: +3,118%
14. Perpetual Protocol


Perpetual Protocol dashboard: https://tokenterminal.com/terminal/projects/perpetual-protocol
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 150
- Jan 2023: 7.4K
- YoY change: +4,833%
15. Blur


Blur dashboard: https://tokenterminal.com/terminal/projects/blur
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Oct 2022: 2.2K
- Jan 2023: 10.3K
- QoQ change: +282%
16. Quix


Quix dashboard: https://tokenterminal.com/terminal/projects/quix
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jul 2022: 464
- Jan 2023: 4.9K
- Change over 6 months: +956%
17. Lens Protocol


Lens Protocol dashboard: https://tokenterminal.com/terminal/projects/lens
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jul 2022: 3.2K
- Jan 2023: 5.4K
- Change over 6 months: +69%
18. Zora


Zora dashboard: https://tokenterminal.com/terminal/projects/zora
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 21
- Jan 2023: 3.2K
- YoY change: +15,138%
19. Trader Joe


Trader Joe dashboard: https://tokenterminal.com/terminal/projects/trader-joe
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 26.4K
- Jan 2023: 2.8K
- YoY change: -89%
20. Synthetix


Synthetix dashboard: https://tokenterminal.com/terminal/projects/synthetix
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 80
- Jan 2023: 3.7K
- YoY change: +4,525%
21. StarkNet

StarkNet dashboard: https://tokenterminal.com/terminal/projects/starknet
Monthly average of daily active users (number of unique sender addresses):
- Jan 2022: 141
- Jan 2023: 4.6K
- YoY change: +3,162%
22. Aave


Aave dashboard: https://tokenterminal.com/terminal/projects/aave
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 4.2K
- Jan 2023: 5.1K
- YoY change: +21%
23. SushiSwap


SushiSwap dashboard: https://tokenterminal.com/terminal/projects/sushiswap
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 13.0K
- Jan 2023: 3.1K
- YoY change: -76%
24. SpookySwap


SpookySwap dashboard: https://tokenterminal.com/terminal/projects/spookyswap
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 21.1K
- Jan 2023: 2.4K
- YoY change: -89%
25. ApeSwap


ApeSwap dashboard: https://tokenterminal.com/terminal/projects/apeswap
Monthly average of daily active users (number of distinct addresses interacting with business relevant contracts):
- Jan 2022: 6.9K
- Jan 2023: 2.6K
- YoY change: -62%
Methodology:
- It is important to note that the composition chart (below) may show higher values than the aggregate daily active users chart (above).
- The discrepancy is a result of different methodologies being used in the two charts.
- Using Aave as an example, a single address may be both a depositor and a borrower during the same day.
- In the aggregate chart this user is recorded as 1 distinct user, whereas in the composition chart the same address is counted as 2 distinct users.


Daily active users dashboard: https://tokenterminal.com/terminal/metrics/active-users
Thank you for reading! All of the data presented in this article can be found for free on Token Terminal.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
Stay in the loop
Join our mailing list to get the latest insights!
Continue reading

How we apply dimensional modeling to onchain data
A run-through of Kimball's dimensional modeling applied to Sky's raw smart contract events.

Why onchain data needs an entity taxonomy for proper metric standardization
How we built an entity taxonomy and metric standardization to make every onchain metric Token Terminal publishes comparable.

How we cover the entire tokenized asset market
A three-stage pipeline that produces standardized metrics for 3,000+ tokenized assets, sitting on top of the full onchain data stack we operate in-house.